Australia’s QBE Insurance Group Limited became a major player in the U.S. market with the closing of its acquisitions of Praetorian Financial Group and Winterthur US. All of the parties involved – France’s AXA Group; Germany’s Hannover Re and QBE …
Houston-based HCC Insurance Holdings Inc. announced that Randy D. Rinicella has joined the company as senior vice president and general counsel. Rinicella has 20 years of legal experience and most recently served as vice president, general counsel and secretary of …
Max Specialty Insurance Co., based in Richmond, Virginia, is now an eligible surplus lines carrier in 45 states, with the recent addition of New York, North Carolina and Kansas. Max Capital Group Ltd.,through its operating subsidiaries, provides specialty insurance and …
Hilb Rogal & Hobbs Company (HRH) announced that it acquired the operating assets of Global Special Risks LLC, effective May 1, 2007. The terms of the transaction were not disclosed. Global Special Risks (GSR), an excess and surplus lines wholesale …
Bermuda-based Max Re Capital Ltd. announced that it received shareholder approval at the Company’s 2007 Annual General Meeting for the proposal to officially change its name from Max Re Capital Ltd. to Max Capital Group Ltd. (See IJ web site …
Despite its focus on fiscal matters, Louisiana’s 2007 legislative session, which begins April 30, is certain to have plenty of impact on the insurance industry, according to one industry lobbyist. And it’s not necessarily going to be the kind of …
New York-based Delos Insurance Company launched a new excess and surplus (E&S) lines company, Naxos Insurance Company, which will be a wholly-owned subsidiary of Delos. Naxos operations will be managed under terms of an agreement with Delos. Incorporated and licensed …
Texas General Agency Inc., based in San Antonio, has hired Jay Wagoner to serve as its Product Development manager. Prior to joining TGA, Wagoner was executive vice president of Arrowhead General Insurance Agency, managing their Texas operation. Wagoner is a …
The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway group of insurance companies to offer expanded levels of surplus lines commercial property insurance. Under …
Richard L. Polizzi, president/CEO of Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. (WSS) and Kyle Stevens, chief operating officer, in Dallas, Texas, announced personnel changes following their annual sale and marketing meeting. Ron Klimek has been promoted to vice …
